Indianapolis Commercial Auto Shop For
For Sale
Contact for pricing
715 W 30th St, Indianapolis, IN 46208
Commercial auto shop with modern equipment in a bustling Indianapolis area.
Property Size3,059 SF
Price / SF$220.66
Days on Market1005
Property Features for 715 W 30th St
General Information
Standard status
Active
Size
3,059 SF
Property subtype
Retail
Zoning
C4
Occupancy
100%
Lease Type
Absolute Net
Building Details
Year Built
1955
Tenancy
Single
Listing Agency:
The Glenn Bill Group
(317) 590-7757
Listed By:
Glenn Bill · License #RB14015601
Source:
Crexi
Added: Nov 27, 2023
Changed: Aug 27
Last Checked: Aug 26 at 5:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Glenn Bill Group
Investment Insights
Based on property information with market context.
Located at 715 W. 30th Street, Indianapolis, IN, this commercial auto shop offers an opportunity for businesses to establish a presence in a thriving area. The property features a spacious workshop area equipped with multiple service bays, suitable for handling a high volume of vehicles. Modern automotive tools and machinery ensure efficient service. A comfortable waiting area includes seating, restrooms, and a reception desk. The property also provides private office areas for administrative tasks and client meetings, along with ample storage space for parts, tools, and inventory. Extensive parking is available for both customers and vehicles awaiting service. Situated on a busy street, the property offers high visibility and signage opportunities. Accessibility to major highways and thoroughfares makes it convenient for customers from various parts of the city. Security features include surveillance cameras and a fenced perimeter. The location is close to automotive parts suppliers and related businesses, facilitating efficient operations and supply chain management. The surrounding area is a bustling commercial hub with a mix of businesses and residential neighborhoods, benefiting from a diverse customer base and a supportive network of local businesses, including automotive parts suppliers, retail stores, and dining establishments. Accessibility via public transportation and proximity to schools, parks, and other community facilities contribute to a vibrant neighborhood. The property size is 3059 square feet.
Key Highlights
- Spacious Workshop Area: Equipped with multiple service bays, ideal for high vehicle volume.
- Modern Equipment: Outfitted with state‑of‑the‑art automotive tools and machinery.
- High Visibility: Located on a busy street with significant traffic and signage opportunities.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,916
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$658,320
$658.3K
Cap Rate 7%
$470,229
$470.2K
Cap Rate 9%
$365,733
$365.7K
Market Conditions
NOI Build-Up for 3,059 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.4K $16.80/SF
− Vacancy
−$4.4K −$1.43/SF
EGI
$47.0K $15.37/SF
− OpEx
−$14.1K −$4.61/SF
NOI
$32.9K $10.76/SF
Area
Indianapolis, IN
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$658,320
Cap Rate 7%
$470,229
Cap Rate 9%
$365,733
Alternative Uses
Best Use
Retail
$470.2K
$411.5K – $548.6K
NOI $32,916 @ 7.0% cap · market cap 4.88%
Second Best
Industrial
$217.8K
$190.6K – $254.2K
NOI $15,249 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$761.4K
$666.3K – $888.3K
NOI $53,300 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46208, IN
23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercial auto shop with modern equipment in a bustling Indianapolis area.
Where is this auto shop located?
The property is located at 715 W 30th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Spacious Workshop Area: Equipped with multiple service bays, ideal for high vehicle volume.; Modern Equipment: Outfitted with state‑of‑the‑art automotive tools and machinery.; High Visibility: Located on a busy street with significant traffic and signage opportunities.
